To: OL Hickory
Do you think that ANY business will not pass on any and all taxes they pay?
Businesses don't pay taxes, you do.
6 posted on
10/19/2011 7:22:16 PM PDT by
ASOC
(What are you doing now that Mexico has become OUR Chechnya?)
To: ASOC
Yes, but as far as I understand Cain’s plan, corporations will pay 9% instead of 35%, so necessarily prices will come down. You are correct that businesses will pass on their taxes as a cost, but 9% instead of 35% sounds pretty good.
8 posted on
10/19/2011 7:32:16 PM PDT by
boop
("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
To: ASOC
Corporations current tax rate is up to 35%. As a result, 22% of every item you buy is embedded tax.
Under Cain’s plan corporations tax rate goes down to 9%. This will drive down the cost of embedded taxes.
9 posted on
10/19/2011 7:33:47 PM PDT by
justsaynomore
(Cain 2012 - http://teamcain.hermancain.com)
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